Not a Phase of Project Management:
The correct answer is option 'D' - Project being.

Explanation:
Project Management:
Project management is the process of planning, organizing, controlling, and executing a project to achieve specific goals and objectives within a defined timeframe and budget. It involves various phases and activities to ensure the successful completion of a project.

Phases of Project Management:
The phases of project management typically include:

1. Project Initiation: This phase involves identifying the need for a project, defining its objectives, and conducting feasibility studies to determine its viability. It also includes the creation of a project charter, which outlines the project's purpose, scope, and stakeholders.

2. Project Planning: In this phase, project managers develop a comprehensive plan that outlines the project's scope, goals, deliverables, timeline, resources, and risks. It involves creating a work breakdown structure, identifying tasks and dependencies, and developing a project schedule.

3. Project Execution: This phase involves the actual implementation of the project plan. Project managers coordinate resources, assign tasks to team members, monitor progress, and ensure that the project is on track. It includes managing changes, conducting regular meetings, and resolving any issues that may arise during the execution phase.

4. Project Monitoring and Controlling: This phase focuses on tracking the project's progress, comparing it to the planned objectives, and making necessary adjustments to keep the project on track. Project managers monitor key performance indicators, manage risks, and ensure that the project is within budget and on schedule.

5. Project Closure: The final phase involves formally completing the project. It includes conducting a project review, documenting lessons learned, and archiving project documents. Project managers ensure that all project deliverables have been successfully completed, and conduct a final evaluation to assess the project's success.

Project Being:
The option 'D' - Project being, is not a phase of project management. It is not a recognized phase in project management methodology. The term "being" does not represent any specific activity or stage in the project management process.

Conclusion:
Project management involves multiple phases, including project initiation, planning, execution, monitoring and controlling, and closure. The phase "Project being" is not a valid phase in project management and is not recognized as such in the project management literature.